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THG ( (GB:THG) ) has shared an update.
THG PLC announced the successful completion of the demerger of THG Ingenuity, which refocuses the company on its core businesses of beauty and nutrition. The company reported stable financial performance for FY 2024, with improvements in order profitability and margin expansion in its beauty segment and a promising start to the year for its nutrition division. The company anticipates mid-single digit revenue growth in FY 2025, driven by ongoing demand for prestige beauty products and a recovery in the nutrition market. The strategic shift includes a leaner cost base, improved inventory management, and reduced capital expenditures, which are expected to enhance free cash flow and reduce leverage.
More about THG
THG PLC operates in the health and wellness consumer brands sector, focusing on beauty and nutrition. The company has recently undergone a strategic transformation, positioning itself as a global, cash-generative entity following the demerger of THG Ingenuity.
YTD Price Performance: -8.49%
Average Trading Volume: 4,521,962
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £606.6M
Learn more about THG stock on TipRanks’ Stock Analysis page.
